Tom to move to pay-per-use model in 2019

The Target Operating Model (Tom) is set to transition to a
"user pays" model, as trade associations seek to curtail
the amount of existing funding planned for 2019.
Under the current arrangements, the trade associations hand over
large cheques to pay for Tom projects such as Placing Platform
Limited (PPL) and slip data capture.
The Insurance Insider understands that
both the Lloyd's Market Association (LMA) and the International
Underwriters' Association (IUA) are keen to reduce the level of
Tom